Granite Investment Partners LLC raised its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 23.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,822 shares of the technology company’s stock after acquiring an additional 922 shares during the quarter. Granite Investment Partners LLC’s holdings in Littelfuse were worth $880,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of LFUS. Norges Bank acquired a new position in Littelfuse in the fourth quarter valued at approximately $45,583,000. Principal Financial Group Inc. lifted its stake in Littelfuse by 20.3% in the fourth quarter. Principal Financial Group Inc. now owns 781,653 shares of the technology company’s stock valued at $134,038,000 after buying an additional 132,138 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of Littelfuse during the first quarter valued at approximately $24,039,000. Victory Capital Management Inc. increased its holdings in shares of Littelfuse by 29.9% during the first quarter. Victory Capital Management Inc. now owns 551,097 shares of the technology company’s stock valued at $100,564,000 after acquiring an additional 126,825 shares in the last quarter. Finally, Mairs & Power INC increased its holdings in shares of Littelfuse by 61.4% during the fourth quarter. Mairs & Power INC now owns 272,503 shares of the technology company’s stock valued at $46,729,000 after acquiring an additional 103,614 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Deepak Nayar sold 3,947 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $187.74, for a total transaction of $741,009.78. Following the completion of the sale, the senior vice president now owns 3,502 shares in the company, valued at $657,465.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nathan Zommer sold 7,500 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $200.00, for a total value of $1,500,000.00. Following the sale, the director now owns 393,286 shares of the company’s stock, valued at approximately $78,657,200. The disclosure for this sale can be found here. Insiders have sold 12,433 shares of company stock valued at $2,404,479 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.
NASDAQ LFUS opened at $172.03 on Thursday. The company has a market cap of $4.29 billion, a PE ratio of 19.26, a PEG ratio of 1.66 and a beta of 1.10. Littelfuse, Inc. has a 52 week low of $155.15 and a 52 week high of $238.10. The company has a quick ratio of 2.85, a current ratio of 3.82 and a debt-to-equity ratio of 0.45.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.04. Littelfuse had a return on equity of 15.27% and a net margin of 9.70%. The firm had revenue of $405.50 million during the quarter, compared to the consensus estimate of $407.53 million. During the same quarter in the previous year, the company posted $2.39 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Littelfuse, Inc. will post 8.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $1.72 annualized dividend and a yield of 1.00%. Littelfuse’s dividend payout ratio (DPR) is currently 18.22%.
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Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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